Alterra Mountain firms $50 million add-on term B at par issue price

By Sara Rosenberg

New York, Nov. 12 – Alterra Mountain Co. set the issue price on its $50 million add-on term loan B due July 2024 at par, the tight end of the 99.875 to par talk, according to a market source.

The add-on term loan as well as a repricing of the company’s existing $1,686,000,000 term loan B due July 2024 are priced at Libor plus 275 basis points with a 0% Libor floor.

All of the term loan B has 101 soft call protection for six months.

J.P. Morgan Securities LLC is the lead bank on the deal.

The repricing of the existing loan will take the spread down from Libor plus 300 bps.

Alterra is a Denver-based mountain resort and adventure company.

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